Market Overview:
The global external combustion engine market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for power generation from thermal power plants and nuclear power plants, and rising demand for locomotives and ships. In terms of type, the steam engine segment is expected to lead the global external combustion engine market during the forecast period. This can be attributed to its high efficiency as compared to other types of engines available in the market.
Product Definition:
An external combustion engine is a heat engine where the combustion of a fuel occurs outside the engine. The term "external" refers to the fact that combustion takes place away from the engine's cylinders.
Steam Engine:
A steam engine is a heat-driven machine, which produces energy in the form of steam. The working principle of these engines is based on condensation of water, which is driven by superheat or compression. The concept has been applied to various fields like marine and locomotive power generation.
Stirling Engine:
Stirling engine is a heat engine which convert the heat energy generated from combustion into useful mechanical work. Stirling engines are primarily used for power generation and in some cases used as a motor. It’s also known as the Stellant or Cardinal Engine owing to its ability to generate high pressure steam by using hot water, oil or gas as fuel.
Application Insights:
The market is segmented by application into pump, train, ship, nuclear power plant and thermal power plant. The train application segment accounted for the largest share in 2017 owing to the growing demand for diesel and gasoline fueled trains across various regions. The ship engine also accounts for a significant share as most of the ships are diesel or gas-powered vessels. However, with increasing focus on reducing greenhouse emissions from ships, especially in Europe and North America regions will result in impacting demand over next few years.
Regional Analysis:
Asia Pacific is expected to be the largest and fastest-growing regional market over the forecast period. The growth can be attributed to increasing demand for diesel engines in industrial applications, coupled with a rise in manufacturing activities across various end-use industries. Asia Pacific has been witnessing robust economic growth since past few years on account of strong macroeconomic conditions, which is likely to have a positive impact on industry expansion.
Europe was estimated as the second-largest market and accounted for 27% of total revenue share in 2017 owing to high product penetration across major economies including Germany, U.K., France and Italy among others.
Growth Factors:
- Increasing demand for vehicles owing to the growth of the transportation sector
- Stringent emission norms by regulatory authorities across the globe
- Development of more fuel-efficient and advanced engines
- Growing popularity of hybrid and electric vehicles
- Rising demand for replacement parts and services
Scope Of The Report
Report Attributes
Report Details
Report Title
External Combustion Engine Market Research Report
By Type
Steam Engine, Stirling Engine
By Application
Pump, Train, Ship, Nuclear Power Plant, Thermal Power Plant
By Companies
Stirling Thermal Motors, Deere & Company, Stirling Power Systems Corporation, Aisin Seiki Co., Ltd
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global External Combustion Engine Market Report Segments:
The global External Combustion Engine market is segmented on the basis of:
Types
Steam Engine, Stirling Engine
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Pump, Train, Ship, Nuclear Power Plant, Thermal Power Plant
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Stirling Thermal Motors
- Deere & Company
- Stirling Power Systems Corporation
- Aisin Seiki Co., Ltd
Highlights of The External Combustion Engine Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Steam Engine
- Stirling Engine
- By Application:
- Pump
- Train
- Ship
- Nuclear Power Plant
- Thermal Power Plant
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the External Combustion Engine Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An external combustion engine is a type of engine that uses heat from an external source, such as the burning of fossil fuels, to create mechanical power.
Some of the major players in the external combustion engine market are Stirling Thermal Motors, Deere & Company, Stirling Power Systems Corporation, Aisin Seiki Co., Ltd.
The external combustion engine market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. External Combustion Engine Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. External Combustion Engine Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. External Combustion Engine Market - Supply Chain
4.5. Global External Combustion Engine Market Forecast
4.5.1. External Combustion Engine Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. External Combustion Engine Market Size (000 Units) and Y-o-Y Growth
4.5.3. External Combustion Engine Market Absolute $ Opportunity
5. Global External Combustion Engine Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. External Combustion Engine Market Size and Volume Forecast by Type
5.3.1. Steam Engine
5.3.2. Stirling Engine
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global External Combustion Engine Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. External Combustion Engine Market Size and Volume Forecast by Application
6.3.1. Pump
6.3.2. Train
6.3.3. Ship
6.3.4. Nuclear Power Plant
6.3.5. Thermal Power Plant
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global External Combustion Engine Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. External Combustion Engine Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global External Combustion Engine Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. External Combustion Engine Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global External Combustion Engine Demand Share Forecast, 2019-2026
9. North America External Combustion Engine Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America External Combustion Engine Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America External Combustion Engine Market Size and Volume Forecast by Application
9.4.1. Pump
9.4.2. Train
9.4.3. Ship
9.4.4. Nuclear Power Plant
9.4.5. Thermal Power Plant
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America External Combustion Engine Market Size and Volume Forecast by Type
9.7.1. Steam Engine
9.7.2. Stirling Engine
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America External Combustion Engine Demand Share Forecast, 2019-2026
10. Latin America External Combustion Engine Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America External Combustion Engine Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America External Combustion Engine Market Size and Volume Forecast by Application
10.4.1. Pump
10.4.2. Train
10.4.3. Ship
10.4.4. Nuclear Power Plant
10.4.5. Thermal Power Plant
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America External Combustion Engine Market Size and Volume Forecast by Type
10.7.1. Steam Engine
10.7.2. Stirling Engine
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America External Combustion Engine Demand Share Forecast, 2019-2026
11. Europe External Combustion Engine Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe External Combustion Engine Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe External Combustion Engine Market Size and Volume Forecast by Application
11.4.1. Pump
11.4.2. Train
11.4.3. Ship
11.4.4. Nuclear Power Plant
11.4.5. Thermal Power Plant
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe External Combustion Engine Market Size and Volume Forecast by Type
11.7.1. Steam Engine
11.7.2. Stirling Engine
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe External Combustion Engine Demand Share, 2019-2026
12. Asia Pacific External Combustion Engine Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific External Combustion Engine Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific External Combustion Engine Market Size and Volume Forecast by Application
12.4.1. Pump
12.4.2. Train
12.4.3. Ship
12.4.4. Nuclear Power Plant
12.4.5. Thermal Power Plant
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific External Combustion Engine Market Size and Volume Forecast by Type
12.7.1. Steam Engine
12.7.2. Stirling Engine
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific External Combustion Engine Demand Share, 2019-2026
13. Middle East & Africa External Combustion Engine Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa External Combustion Engine Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa External Combustion Engine Market Size and Volume Forecast by Application
13.4.1. Pump
13.4.2. Train
13.4.3. Ship
13.4.4. Nuclear Power Plant
13.4.5. Thermal Power Plant
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa External Combustion Engine Market Size and Volume Forecast by Type
13.7.1. Steam Engine
13.7.2. Stirling Engine
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa External Combustion Engine Demand Share, 2019-2026
14. Competition Landscape
14.1. Global External Combustion Engine Market: Market Share Analysis
14.2. External Combustion Engine Distributors and Customers
14.3. External Combustion Engine Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Stirling Thermal Motors
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Deere & Company
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Stirling Power Systems Corporation
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Aisin Seiki Co., Ltd
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. COMPANY5
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. COMPANY6
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
